Target
2,054 hedge funds and large institutions have $65.9B invested in Target in 2024 Q1 according to their latest regulatory filings, with 264 funds opening new positions, 755 increasing their positions, 788 reducing their positions, and 136 closing their positions.
94% more first-time investments, than exits
New positions opened: 264 | Existing positions closed: 136
65% more funds holding in top 10
Funds holding in top 10: 20 → 33 (+13)
23% more capital invested
Capital invested by funds: $53.5B → $65.9B (+$12.5B)
5% more funds holding
Funds holding: 1,951 → 2,054 (+103)
1% less ownership
Funds ownership: 81.69% → 80.69% (-1%)
4% less repeat investments, than reductions
Existing positions increased: 755 | Existing positions reduced: 788
13% less call options, than puts
Call options by funds: $3.09B | Put options by funds: $3.55B
Top Buyers
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$482M |
| 2 |
Franklin Resources
San Mateo,
California
|
+$391M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$359M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
+$289M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$181M |
Top Sellers
| 1 |
Morgan Stanley
New York
|
-$1.19B |
| 2 |
State Street
Boston,
Massachusetts
|
-$286M |
| 3 |
IAIM
International Assets Investment Management
Orlando,
Florida
|
-$264M |
| 4 |
JP Morgan Chase
New York
|
-$245M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$171M |
TGT Hedge Fund Activity: Q1 2024 in Review
2,054 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Target (TGT) for Q1 2024, worth a combined $65.9B — up 23% from $53.5B a quarter earlier.
Buyers outnumbered sellers: 264 funds opened new TGT positions and 136 closed out — a net gain of 128 holders — while 755 added to existing stakes and 788 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $482M. The largest seller was Morgan Stanley, cutting an estimated $1.19B.
- 2,054 institutional investors held Target (TGT) as of Q1 2024, up from 1,951 in Q4 2023.
- Funds reported $65.9B of Target stock for Q1 2024, up 23% quarter-over-quarter.
- 264 funds opened new Target positions in Q1 2024 and 136 closed out, a net change of +128 holders.
- The largest Target buyer in Q1 2024 was Victory Capital Management, an estimated $482M added.
- The largest Target seller in Q1 2024 was Morgan Stanley, an estimated $1.19B sold.
Based on aggregated 13F filings for Q1 2024.